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Dec 30, 2012
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>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
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Jan 1, 2013
01/13
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cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for...
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Dec 30, 2012
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. >>> up next, more on the fiscal cliff, lawmakers have hit a major snag in the negotiations and we are just two days before the deadline. [ female announcer ] want younger looking eyes that say wow with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look of lashes. see wow!... eyes in just one week with olay. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 2
. >>> up next, more on the fiscal cliff, lawmakers have hit a major snag in the negotiations and we are just two days before the deadline. [ female announcer ] want younger looking eyes that say wow with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look of lashes. see wow!... eyes in just one week with olay. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy....
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Dec 31, 2012
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Ñe >>> let's face it, fiscal cliff has most people outraged. we asked for you to send in your thoughts on this matter, and boy did you ever do it. we opened up a can of worms when we did this. joining us from orlando, and we received lots of feedback from our eye reporters, terry, i want you to listen and get your reaction to one of them who holds nothing back, calling lawmakers spoiled brats. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la-la land and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than doing the right thing and actually representing the people who elected you. >> understand why she's upset, because most americans -- i don't know, do you think most americans have an idea of what all this fiscal cliff chatter means? >> oh, yes. oh, yes, don, i think people have a very, very good idea, and it's not just a selfish idea, either, about they'll have less money in their paychecks as com
Ñe >>> let's face it, fiscal cliff has most people outraged. we asked for you to send in your thoughts on this matter, and boy did you ever do it. we opened up a can of worms when we did this. joining us from orlando, and we received lots of feedback from our eye reporters, terry, i want you to listen and get your reaction to one of them who holds nothing back, calling lawmakers spoiled brats. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way...
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Dec 27, 2012
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facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo who announced she would take a two-week maternity leave. 37 years old and it looks like a mother's touch is what yao ya hoo needed. >> an intense drought that scorched the corn and soy crop sending prices sky high. who can forget super storm sandy. neighborhoods along the northeast swept away millions without power and damages as high as $50 billion brings in lots of questions about u.s. infrastructure and whether we should spend money to fix it. >> number five, china. for sure by 2030.
facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the...
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capitol hill stall in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or brake deal comes down to a few lawmakers on topic of raising taxes for the wealthy. >> it remains to be scene whether the republicans being driven by a very extreme group of house members will allow our economy to pert because of their desire to protect multimillionaires in this country. that's what it's going to boil down to. >> any plan would need house speaker john baner to bring it to the floor for a vote. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he had an awfully strong hand to play, if it's a deal john boehner can accept, it will be passed in a bipartisan manner with a very strong majority. if on the other hand he's neutral or not favorable, his chances will be a lot slimmer. >> lisa desjardins fol
capitol hill stall in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or brake deal comes down to a few lawmakers on topic of raising taxes for the wealthy. >> it remains to be scene whether the republicans being driven by a very extreme group of house members will allow our economy to pert because of their desire to protect...
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Dec 27, 2012
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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Dec 28, 2012
12/12
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cliff in the next few days. this won't end the discussion, but it should launch us into the next steps. can they hash out the basic form of an agreement, a scaled down agreement. if they reach that threshold, can the senators assure each other that they have the time to get this done and no senator will filibuster it? if that's the case, they bring it to a vote tomorrow, and/or sunday and does the house agree to bring it to a vote on the floor of the house. those are a lot of ifs and we have until just monday night to get it all done. >> you'll be standing by, watching it all with every single detail. thank you, jessica yellin. now to lisa desjardins, live on capitol hill for us. so, lisa, just caught you talking with senator ben nelson of nebraska. here's what he said. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? looks like we'll be going over the cliff. because the closer we get to the end, the less likely it is you're going to be able to compress an agreem
cliff in the next few days. this won't end the discussion, but it should launch us into the next steps. can they hash out the basic form of an agreement, a scaled down agreement. if they reach that threshold, can the senators assure each other that they have the time to get this done and no senator will filibuster it? if that's the case, they bring it to a vote tomorrow, and/or sunday and does the house agree to bring it to a vote on the floor of the house. those are a lot of ifs and we have...
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Dec 31, 2012
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and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa
and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march...
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Dec 27, 2012
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cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administ
cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal...
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Jan 1, 2013
01/13
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>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the managing editor of the online journal the hill. and, so, bob what is the latest word you have as to what is going on and whether in fact john boehner can get his people together to vote for this? >> well, it is going to be very difficult. house republicans don't like the senate passed bill, even though it passed 89-8. it looks like the house will pass something to return it back to the senate. they'll amend it in some way, it looks like, because they don't like this $4 trillion price tag that just came out over the last ten minutes, cbo just released that. and this is just a tough vote for house conserva
>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the...
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. >> reporter: the fiscal cliff was incentive to try to deal with deficit reduction. this is dismantling the consequence of dealing with the bigger issue. the bigger issue is still going to be with us in the next couple months because now as the debt ceiling is set to hit, this will all come into play. republicans aren't going to budge on increasing the debt ceiling until they get some of the things they want on deficit reduction. they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics to the side for a minute and ask the question most of us are wondering. what does this measure mean for you and your wallet? ali velshi is crunch iing the numbers. >
. >> reporter: the fiscal cliff was incentive to try to deal with deficit reduction. this is dismantling the consequence of dealing with the bigger issue. the bigger issue is still going to be with us in the next couple months because now as the debt ceiling is set to hit, this will all come into play. republicans aren't going to budge on increasing the debt ceiling until they get some of the things they want on deficit reduction. they want tax reform. so do democrats want tax reform but...
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Dec 29, 2012
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i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even though the leadership of the nra and, of course, the gun manufacturers who pay their salaries don't necessarily support. but the -- they oppose them. one would be background checks on purchasers and gunshop employees. 40% of guns bought today don't require a background check because of the gun show loophole and gunshop employees don't require background checks. people that are on the terrorist watch list should not be able to buy a firearm for an explosive. the gao found in an investigation that 1,321 people on the terrorist watch list bought firearms or explosives and in 91% of the cases the fbi was powerless to stop them.
i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even...
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the workload. and there would be unexpected higher taxes for most americans because remember, that's another part of the equation. so many different groups could be hit in many different ways at many times. but the bottom line is if these negotiations continue to stall and don't come through and the cliff comes, people will, indeed, feel it all over this country. >>> u.s. army general whose temper earned him the name stormin' norman has died. general norman schwarzkopf was one of the most celebrated military leaders in the post-vietnam era. he led coalition forces pushing iraq out of kuwait in 1991's "operation desert storm." the retired general died yesterday in tampa, florida, at age 78. >>> former president george h.w. bush released this statement. he says, "general schwarzkopf epitomized the duty, service, country creed that has defended our freedom and seen this great nation through our most trying international crises." >>> a spokesman for f
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the workload. and there would be unexpected higher taxes for most americans because remember, that's another part of the equation. so many different groups could be hit in many different ways at many times. but the bottom line is if these negotiations continue to stall and don't come through and the cliff comes, people will, indeed, feel it all over this country. >>> u.s. army general whose temper...
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Dec 26, 2012
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. >>> fears of the fiscal cliff are taking some of the holiday cheer out of wall street. cnn's alison kosik is watching the post christmas trading. she joins us next. >>> retailers were hoping shoppers will spend big today. early figures show holiday sales slum slumped to the lowest levels in three years. alison kosik, every time i drive by the mall, the parking lot was full. every time i went in one, there were people everywhere. what is behind the weak sales this year and can post christmas shoppers really turn things around now? >> you make good points, victor. analysts are telling us there are two big factors at work here. hurricane sandy, hit holiday shopping right when it was beginning to rev up in early november. then the worries about the fiscal cliff they took over everybody's pocketbooks. people are really worried their taxes going up. so what do you get? you get holiday sales not doing too hot. holiday sales are up a little less than 1%, winds up being the weakest growth in three years. it is still early. these numbers are still rolling in. but, you know what,
. >>> fears of the fiscal cliff are taking some of the holiday cheer out of wall street. cnn's alison kosik is watching the post christmas trading. she joins us next. >>> retailers were hoping shoppers will spend big today. early figures show holiday sales slum slumped to the lowest levels in three years. alison kosik, every time i drive by the mall, the parking lot was full. every time i went in one, there were people everywhere. what is behind the weak sales this year and...